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Timbercreek Global Real Estate Income Fund

Manager Commentary

The Timbercreek Global Real Estate Income Fund is pleased to provide you with a quarterly update which highlights the Fund's performance, portfolio changes and market commentary from the Portfolio Manager.

Highlights

  • Despite solid earnings and a strengthening global economy, global real estate securities ended the third quarter in negative territory as a result of the appreciation of the Canadian dollar 
  • The Fund generated a -1.6% total return on a net basis during the quarter and is up 0.7% year-to-date
  • Performance was led by stock selection in Canada, the U.S. and Japan, as well as the Fund's underweight to Japan and overweight to Singapore
  • During the quarter, the Fund added exposure to preferred shares and direct real estate investments

For further commentary, please click on the link below.

Quarterly Manager Commentary

Global Real Estate Securities investments are managed by Timbercreek Investment Management Inc.